Question
Who heads the Empowered Committees on MSMEs formed at
the Regional Offices of the Reserve Bank of India?Solution
The Empowered Committees on MSMEs established at the RBI’s Regional Offices are chaired by the Regional Directors. These committees comprise multiple stakeholders, including senior representatives of banks actively financing MSMEs, the SLBC Convenor, SIDBI officials, the State Government’s Director of Industries or MSME, representatives from MSME associations, and officers from SFCs/SIDCs. The committees regularly meet to evaluate the progress of MSME credit flow, deliberate on the rehabilitation of stressed MSME units, and facilitate effective coordination among financial institutions and government bodies. This structure ensures timely intervention and smoother access to finance for the MSME sector.
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